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The company reported standalone net profit of Rs 11.61 crore for the quarter ended March 31, 2022 as compared to Rs 13.05 crore in the same period last year, registering a year-on-year decline of 11.03 per cent. Net revenue of the company rose substantially by 20.41 per cent at Rs 349.30 crore in January-March quarter of this fiscal as against Rs 290.10 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 21.44 per cent to Rs 335.02 crore from Rs 275.87 crore in year ago period.

Other Income dipped by 5.63 per cent at Rs 9.38 crore versus (Mar'21 Rs 9.94 crore). Operating Profit surged by 0.35 per cent to Rs 14.28 crore as against Rs 14.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.70 per cent in March quarter. Interest grew by 7.19 per cent y-o-y to Rs 4.77 crore, while Taxation increased by 5.99 per cent at Rs 4.25 crore (Mar'21 Rs 4.01 crore).